Am preparing the final return for the estate. There is no income to report.
There were probate-ONLY-related expenses (attorney, court filings, announcements in newspapers).
I am defeated in knowing--given there is no income to report--whether the probate-related expenses:
- get reported on the 1041 as deductible losses
- travel to the K-1s as deductible losses to the beneficiaries
Before posting, I found the following two resources, which heightened my awareness that maybe the probate-ONLY-related fees are deductible and apportionable.
- https://resources.evans-legal.com/?p=6046 [Excess Deductions on Termination]
- https://www.irs.gov/pub/irs-drop/n-18-61.pdf [IRS Notice 2018-61 Administrative, Procedural, and Miscellaneous letter]
Maybe I've just been been dealing with the estate uglies for too long and am missing the obvious.